When navigating the labyrinthine process of GST appeals, it’s crucial to understand the various levels and their respective protocols. For any individual or entity aggrieved by a decision rendered by an adjudicating authority, there exists a structured pathway to seek redress. The appeal process begins with the Appellate Authority, moving up through successive levels if … Continue reading Litigation Management under 🇮🇳 GST—Part 10
Category: GST
New GST Rates Effective July 15, 2024 Announced by GST Council
The GST Council convened for its 53rd meeting on June 22, 2024, in New Delhi, resulting in notable amendments to the GST rates on a range of goods and services. These modifications, set to take effect from July 15, 2024, aim to streamline the tax structure and provide relief in key areas. The Council’s decisions … Continue reading New GST Rates Effective July 15, 2024 Announced by GST Council
Fast Track Game Changing GST Refunds for Exporters
The GST Council has unveiled a groundbreaking initiative to ease the financial burden on exporters who encounter upward price revisions after exporting their goods. This strategic move will allow for the processing of refund applications for the additional Integrated Goods and Services Tax (IGST) paid under such circumstances. The formalization of this process has been … Continue reading Fast Track Game Changing GST Refunds for Exporters
Litigation Management under 🇮🇳 GST—Part 02
Adjudication proceedings in tax administration are crucial, providing taxpayers the essential opportunity to present their case before any action is taken against them. The issuance of a Show Cause Notice (SCN) is a fundamental step in this process, serving as a formal notification to the taxpayer about the proposed actions by the tax authorities. The … Continue reading Litigation Management under 🇮🇳 GST—Part 02
Unveiling GST Rules on Appeals Before the Appellate Authority
In the intricate landscape of the Central Goods and Services Tax (CGST) Rules, 2017, understanding the appellate authority’s rules, procedures, and mechanisms is crucial for compliance and effective navigation of the legal framework. This guide offers a detailed examination of key rules, ensuring a profound comprehension and proficient application of the CGST provisions. Rule 26: … Continue reading Unveiling GST Rules on Appeals Before the Appellate Authority
Recent Development in 🇮🇳 GST—Part 01
India’s economic landscape is in the midst of a remarkable transformation, as evidenced by the latest data released by the National Statistical Office (NSO) on May 31, 2024. The nation’s fiscal year 2024 growth rate stands at an impressive 8.2%, marking the ninth instance since 1961 where the GDP growth rate has surpassed the 8% … Continue reading Recent Development in 🇮🇳 GST—Part 01
Key Circulars in 53rd GST Council Meeting—Part 1
Following the 53rd GST Council meeting on June 22, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued a series of clarifying circulars, numbered 207 to 222, on June 26, 2024. These circulars address key issues including taxability, place of supply, and time of supply, ensuring compliance and clarity for taxpayers. Here is … Continue reading Key Circulars in 53rd GST Council Meeting—Part 1
Key Circulars in 53rd GST Council Meeting—Part 2
In the aftermath of the pivotal 53rd GST Council meeting on June 22, 2024, the Central Board of Indirect Taxes and Customs (CBIC) has released a series of 16 circulars, numbered 207 to 222, all dated June 26, 2024. These circulars provide critical clarifications on various aspects such as taxability, place of supply, and time … Continue reading Key Circulars in 53rd GST Council Meeting—Part 2
26+ Key Amendments Introduced in Notification No. 12/2024 on 10/07/2024
On 10th July 2024, the Central Government, following the counsel of the GST Council, unveiled substantial modifications to the Central Goods and Services Tax (CGST) Rules, 2017, through Notification No. 12/2024-Central Tax. This transformative measure aims to enhance procedural efficiency, ensure greater compliance, and address various GST operational facets. Here is an expert analysis of … Continue reading 26+ Key Amendments Introduced in Notification No. 12/2024 on 10/07/2024
GST Shock—Baby Food Products with Non-Milk Ingredients Hit with 18% Tax
In a landmark ruling, the Rajasthan Authority for Advance Rulings (AAR) has determined that baby food products containing ingredients other than milk could now be subjected to an 18% Goods and Services Tax (GST), a stark increase from the 5% rate applicable to pure milk products. This precedent-setting decision could have far-reaching implications for the … Continue reading GST Shock—Baby Food Products with Non-Milk Ingredients Hit with 18% Tax